Form 8-K · Current report
Otis Worldwide 8-K, filed Oct 28, 2026
- Filed
- CIK
- 0001781335
- Accession no.
- 0001781335-26-000124
Summary
Otis Worldwide reported third quarter 2026 net sales of $3.9 billion, up 6% year over year, with GAAP EPS of $1.08 (up 14%) and adjusted EPS of $1.05 (flat), and said it is broadly maintaining its full-year outlook of $15.1-$15.3 billion in net sales and $4.01-$4.05 in adjusted EPS. Chair, CEO & President Judy Marks attributed the quarter to Service growth and sequential margin improvement, with Service operating margin at 24.2% and modernization orders up 10% at constant currency.
Key points
- Third quarter net sales rose 6% to $3.9 billion with organic sales up 6%, GAAP EPS up 14% to $1.08 and adjusted EPS flat at $1.05.
- Service net sales rose 8% to $2.6 billion with organic sales up 7%; Service operating profit margin was 24.2%, down 130 bps year over year but up 100 bps sequentially.
- New Equipment net sales rose 3% to $1.3 billion, with growth in the Americas, EMEA and Asia Pacific offset by a greater than 20% decline in China; segment operating profit fell $17 million.
- Otis maintained its full-year outlook for net sales of $15.1-$15.3 billion and adjusted EPS of $4.01-$4.05, and reported third quarter operating cash flow of $337 million.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. On October 28, 2026, Otis Worldwide Corporation (“Otis”) issued a press release announcing its third quarter 2026 results. The press release issued October 28, 2026 is furnished herewith as Exhibit No. 99 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing by Otis under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. …
An excerpt of the text as filed with the SEC, cut for length.
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